Korea Shipbuilding & Offshore Engineering (KSOE) remains in the red as order cancellations and rising material costs take their toll.
In a regulatory filing, the South Korean group reported an operating loss of KRW 265.1bn ($203m) for the second quarter, despite a 7.2% increase in sales to KRW 4.19trn from the previous three months.
It registered $507m of losses for the first half, including a first-quarter operating loss of KRW 396.4bn.
